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970 Lexington Avenue- bldg

$7,495,000

970 Lexington Avenue- bldg
  • Type: Commercial
  • Price: $7,495,000
  • Status: SOLD

Represented Seller. New Offering of gorgeous 17.5 wide 4 story mixed use building located on prestigious Upper East Side high-end luxury block. This property has great retail curb appeal with its floor to ceiling glass windows surrounded by attractive brickwork. Tall ceilings, open spaces, fantastic light and flexible layouts are suitable for a variety of commercial uses. An extremely rare and highly desirable property. Zoned C1-5/R9X. Yearly projected taxes $81,476. The first two floors are retail units and the third and fourth floors are free market residential units. The first and fourth floors are currently on month to month leases, and the third floor is vacant. The second floor has a lease expiring in 2018, with 4% rent escalations each year. Located just two blocks from Hunter College, the retail benefits from the school’s foot traffic. The property is conveniently located within short walking distance to the 68th Street station of the train and the Second Avenue Subway in the near future. This is an ideal opportunity for an investor, converter or user.